On correction, Info Edge a good bet: Paras Adenwala

Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors

You are recommending recruitment companies. The listed entity from that space is Info Edge. What is the call in this stock and what is your interest in this space?

Recruitment as a space should do very well now after the kind of turnaround that we have seen in the economy. We are seeing more and more companies talking about recruitment plans for the next one year be it IT, be it banking and financial services, be it manufacturing. So every sector of the economy is talking about huge amount of recruitments. That means more business for companies in this space and operating leverage is also pretty strong in the listed entities in the space. So over the next one year period, we should see very good business trickling in for these companies and therefore, significant improvement in the profitability and revenues.

Do you have a target on Info Edge?

I am not recommending the stock right now. As I mentioned, I am not recommending any stock until the budget but on a correction, these stocks would definitely be valuable for buy.